Parkland Fuel (PKI) Given New C$48.00 Price Target at CIBC

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Parkland Fuel (TSE:PKI) had its price objective lifted by investment analysts at CIBC from C$46.00 to C$48.00 in a research report issued on Friday, BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 14.89% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada boosted their target price on Parkland Fuel from C$39.00 to C$40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 23rd. National Bank Financial boosted their target price on Parkland Fuel from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Friday. Desjardins boosted their target price on Parkland Fuel from C$46.00 to C$50.00 in a research report on Friday. Finally, AltaCorp Capital restated an “outperform” rating on shares of Parkland Fuel in a research report on Wednesday, February 13th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$44.64.

Parkland Fuel stock traded up C$0.16 on Friday, reaching C$41.78. The company’s stock had a trading volume of 254,298 shares, compared to its average volume of 422,980. The company has a debt-to-equity ratio of 125.65, a quick ratio of 0.64 and a current ratio of 1.06. The firm has a market cap of $5.56 billion and a P/E ratio of 27.31. Parkland Fuel has a twelve month low of C$30.01 and a twelve month high of C$47.45.

Parkland Fuel (TSE:PKI) last posted its quarterly earnings data on Thursday, February 28th. The company reported C$0.57 EPS for the quarter, missing analysts’ consensus estimates of C$0.64 by C($0.07). The business had revenue of C$3.53 billion during the quarter, compared to the consensus estimate of C$3.61 billion. On average, equities research analysts predict that Parkland Fuel will post 2.25999994235804 earnings per share for the current year.

About Parkland Fuel

Parkland Fuel Corporation operates as an independent marketer and distributor of fuels and petroleum products in Canada and the United States. Its Retails Fuels segment supplies and supports a network of 1,848 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, Race Trac, On the Run/Marché Express, Short Stop, Town Pantry, Dépanneur du Coin/Corner Store, Snack Express, Verve, and others brands, as well as operates convenience stores under the On the Run/Marché Express brand.

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Analyst Recommendations for Parkland Fuel (TSE:PKI)

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